What users are saying about
27 Ratings
27 Ratings
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Score 7.1 out of 101
203 Ratings
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Score 7.9 out of 101

Likelihood to Recommend

MYOB

I'm told its good for MAC users
Kati Hesley profile photo

Oracle Financials

The basic product for billing and AR modules is at a "customer" level, and it would be nice to have the ability to have a more detailed level/capability for managing items in this area. A customer at a high level is good, but again, being able to add/define at a greater level of detail would be nice.
No photo available

Feature Rating Comparison

Payroll Management

MYOB
1.4
Oracle Financials
7.9
Pay calculation
MYOB
2.0
Oracle Financials
7.6
Benefit plan administration
MYOB
1.0
Oracle Financials
7.3
Direct deposit files
MYOB
1.0
Oracle Financials
8.3
Salary revision and increment management
MYOB
1.0
Oracle Financials
8.0
Reimbursement management
MYOB
2.0
Oracle Financials
8.2

Customization

MYOB
4.5
Oracle Financials
8.0
API for custom integration
MYOB
4.0
Oracle Financials
8.3
Plug-ins
MYOB
5.0
Oracle Financials
7.6

Security

MYOB
6.1
Oracle Financials
7.6
Single sign-on capability
MYOB
6.4
Oracle Financials
7.3
Role-based user permissions
MYOB
5.8
Oracle Financials
7.8

Reporting & Analytics

MYOB
5.6
Oracle Financials
6.5
Dashboards
MYOB
3.3
Oracle Financials
6.2
Standard reports
MYOB
7.1
Oracle Financials
6.2
Custom reports
MYOB
6.5
Oracle Financials
7.1

General Ledger and Configurable Accounting

MYOB
4.5
Oracle Financials
7.4
Accounts payable
MYOB
5.4
Oracle Financials
7.9
Accounts receivable
MYOB
6.4
Oracle Financials
7.1
Cash management
MYOB
5.4
Oracle Financials
Bank reconciliation
MYOB
7.0
Oracle Financials
Expense management
MYOB
7.4
Oracle Financials
Time tracking
MYOB
1.0
Oracle Financials
Fixed asset management
MYOB
5.5
Oracle Financials
Multi-currency support
MYOB
1.0
Oracle Financials
Multi-division support
MYOB
1.0
Oracle Financials
Regulations compliance
MYOB
5.0
Oracle Financials
Electronic tax filing
MYOB
5.0
Oracle Financials
Self-service portal
MYOB
4.0
Oracle Financials
Global Financial Support
MYOB
Oracle Financials
6.5
Primary and Secondary Ledgers
MYOB
Oracle Financials
7.8
Intercompany Accounting
MYOB
Oracle Financials
7.0
Localizations
MYOB
Oracle Financials
9.0
Journals and Reconciliations
MYOB
Oracle Financials
7.5
Enterprise Accounting
MYOB
Oracle Financials
7.1
Configurable Accounting
MYOB
Oracle Financials
7.4
Centralized Rules Framework
MYOB
Oracle Financials
7.0
Standardized Processes
MYOB
Oracle Financials
6.5

Inventory Management

MYOB
1.5
Oracle Financials
7.6
Inventory tracking
MYOB
3.0
Oracle Financials
8.3
Automatic reordering
MYOB
1.0
Oracle Financials
7.6
Location management
MYOB
1.0
Oracle Financials
7.8
Manufacturing module
MYOB
1.0
Oracle Financials
6.6

Order Management

MYOB
4.9
Oracle Financials
7.8
Pricing
MYOB
6.1
Oracle Financials
8.1
Order entry
MYOB
6.5
Oracle Financials
7.2
Credit card processing
MYOB
1.0
Oracle Financials
8.6
Cost of goods sold
MYOB
6.0
Oracle Financials
9.0
Order Orchestration
MYOB
Oracle Financials
8.6
End-to-end order visibility
MYOB
Oracle Financials
8.1
Order exception Resolution
MYOB
Oracle Financials
5.2

Subledger and Financial Process

MYOB
Oracle Financials
6.9
Automated Invoice Processing
MYOB
Oracle Financials
6.9
Shared Services Payments
MYOB
Oracle Financials
6.6
Billings Management
MYOB
Oracle Financials
6.8
Customer Receipt Applications
MYOB
Oracle Financials
7.3
Customer Collections
MYOB
Oracle Financials
6.4
Revenue Recognition
MYOB
Oracle Financials
7.0
Cash Management
MYOB
Oracle Financials
7.5
Asset Management
MYOB
Oracle Financials
7.0
Travel & Expense Management
MYOB
Oracle Financials
6.2
Budgetary Control & Encumbrance Accounting
MYOB
Oracle Financials
7.7
Period Close
MYOB
Oracle Financials
7.1
Transactions Tax
MYOB
Oracle Financials
6.5
Subledger Reconciliations
MYOB
Oracle Financials
7.3
3rd Party Accounting Systems
MYOB
Oracle Financials
6.1

Project Financial Management

MYOB
Oracle Financials
7.1
Budgeting and Forecasting
MYOB
Oracle Financials
7.0
Project Costing
MYOB
Oracle Financials
7.6
Cost Capture
MYOB
Oracle Financials
7.5
Capital Project Management
MYOB
Oracle Financials
7.8
Customer Invoicing
MYOB
Oracle Financials
6.5
Customer Contract Compliance
MYOB
Oracle Financials
6.3
Project Revenue Recognition
MYOB
Oracle Financials
6.8
Project Financial Performance Analysis
MYOB
Oracle Financials
6.4
Project Financials Dashboard
MYOB
Oracle Financials
7.6
Real-time Financial Reporting
MYOB
Oracle Financials
6.7
Embedded Business Intelligence
MYOB
Oracle Financials
6.4
Project Planning Collaboration
MYOB
Oracle Financials
8.0

Project Execution Management

MYOB
Oracle Financials
7.4
Project Planning and Scheduling
MYOB
Oracle Financials
7.4
Project Manager Dashboard
MYOB
Oracle Financials
7.4
Resource Manager Dashboard
MYOB
Oracle Financials
7.4
Task Insight for Project Managers
MYOB
Oracle Financials
7.4
Project Manager Mobile Functionality
MYOB
Oracle Financials
7.0
Team Member Task Collaboration
MYOB
Oracle Financials
6.3
Team Member Mobile Functionality
MYOB
Oracle Financials
7.3
Project Candidate Search
MYOB
Oracle Financials
8.0
Project Candidate Comparison and Analysis
MYOB
Oracle Financials
8.0
Defineable Resource Pools
MYOB
Oracle Financials
8.4
Defineable Resource Pools
MYOB
Oracle Financials
8.4
Talent Profiles
MYOB
Oracle Financials
7.3
Real-Time Project Reporting
MYOB
Oracle Financials
6.9
Absence Management
MYOB
Oracle Financials
6.3
Product Lifecycle Management
MYOB
Oracle Financials
6.9

Grants Management

MYOB
Oracle Financials
6.4
Award Lifecycle Management
MYOB
Oracle Financials
6.4
Spending Control
MYOB
Oracle Financials
7.0
Indirect Cost Management
MYOB
Oracle Financials
6.1
Billing
MYOB
Oracle Financials
6.1

Procurement

MYOB
Oracle Financials
6.9
Sourcing Team Collaboration
MYOB
Oracle Financials
7.2
Sourcing Analysis
MYOB
Oracle Financials
6.7
Bids Analyzed and Compared
MYOB
Oracle Financials
7.1
Catalog Shopping E-Commerce for Employees
MYOB
Oracle Financials
7.0
Contract Authoring
MYOB
Oracle Financials
6.9
Contract Compliance Management
MYOB
Oracle Financials
5.7
Contract History
MYOB
Oracle Financials
6.8
Contract Renewal Automation
MYOB
Oracle Financials
7.3
Contract Repository
MYOB
Oracle Financials
6.5
Contract Standardization and Enforcement
MYOB
Oracle Financials
6.9
Electronic Signatures
MYOB
Oracle Financials
7.1
Invoice Automated Matching
MYOB
Oracle Financials
7.3
Purchasing Risk and Compliance Management
MYOB
Oracle Financials
6.9
Requisitions-to-Purchase Orders Integrated
MYOB
Oracle Financials
6.5
Spend Compliance Management
MYOB
Oracle Financials
7.0
Supplier Assessment
MYOB
Oracle Financials
6.9
Supplier Communication and Collaboration
MYOB
Oracle Financials
7.3
Supplier Management
MYOB
Oracle Financials
7.2
Supplier Portal
MYOB
Oracle Financials
7.2

Risk Management

MYOB
Oracle Financials
7.7
Risk Repository
MYOB
Oracle Financials
8.0
Control Management
MYOB
Oracle Financials
7.0
Control Mapping
MYOB
Oracle Financials
8.0
Control Efficiency Assessments
MYOB
Oracle Financials
8.0
Automated Control Assessments
MYOB
Oracle Financials
6.0
Assessment Capture
MYOB
Oracle Financials
8.0
Issue Detection
MYOB
Oracle Financials
8.0
Automatic Notification
MYOB
Oracle Financials
8.0
Remediation and Certification
MYOB
Oracle Financials
8.0

Logistics

MYOB
Oracle Financials
7.0
Transportation Planning and Optimization
MYOB
Oracle Financials
8.6
Transportation Sourcing Management
MYOB
Oracle Financials
8.0
Transportation Process Integration
MYOB
Oracle Financials
6.9
Transportation Execution Management
MYOB
Oracle Financials
6.7
Freight Payment Automation
MYOB
Oracle Financials
6.0
Trade Management
MYOB
Oracle Financials
6.0

Supply Chain

MYOB
Oracle Financials
7.3
Forecasting
MYOB
Oracle Financials
8.0
Inventory Planning
MYOB
Oracle Financials
8.0
Performance Monitoring
MYOB
Oracle Financials
6.0

Pros

MYOB

  • Its clean
  • allows you to undo a reconciliation
  • easy to use
Kati Hesley profile photo

Oracle Financials

  • User friendly.
  • Not difficult to navigate or work with.
  • Able to extract data for analytics
No photo available

Cons

MYOB

  • At the time there wasn't a cloud based option and it had to be hosted locally.
  • Some of the templates were harder to alter than they should have been.
  • I found the updates to be rather expensive as at times there didn't seem to be much enhancements.
  • Support was tricky and not always as responsive as I would have preferred.
Stephen Lalla profile photo

Oracle Financials

  • Ability to customize at a greater level of detail without losing the support of Oracle.
No photo available

Likelihood to Renew

MYOB

MYOB 9.5
Based on 2 answers
Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
Kati Hesley profile photo

Oracle Financials

No score
No answers yet
No answers on this topic

Usability

MYOB

MYOB 10.0
Based on 1 answer
It is easy to use - I just don't agree with restrictions and functionality
Kati Hesley profile photo

Oracle Financials

No score
No answers yet
No answers on this topic

Support

MYOB

MYOB 1.0
Based on 1 answer
They aren't willing to help at all unless you pay
Kati Hesley profile photo

Oracle Financials

No score
No answers yet
No answers on this topic

Alternatives Considered

MYOB

Not even close. Though I will say MYOB had a budget module where Zoho Books doesn't which is one thing severely lacking in Zoho Books. On the other hand, Zoho Books allows for payment processing integration without trying to get a cut from the process whereas MYOB allowed for payment processing but you had to go through their service only and it wasn't cheap.
Stephen Lalla profile photo

Oracle Financials

I have only used Oracle Financials for a long time so I have only seen demos of Workday in my case. Not very impressed due to the lack of flexibility and extensibility that we currently have with Oracle.
No photo available

Return on Investment

MYOB

  • It was great when we first started using it but there was a time when MYOB stopped supporting payroll tax tables for Apple computers and so we made the switch.
  • While we were using it staying on top of all of the pesky accounting details was a breeze.
  • We were very detail oriented to begin with and had a thorough understanding of basic accounting principles but anyone without even basic knowledge can quickly set up MYOB and get running fairly quickly and provide detailed reports to their CPA or CFO consultant for a deeper analysis of their business.
Stephen Lalla profile photo

Oracle Financials

  • We just went live for a month, our goal is to reduce month end close time from 5 days to 2 days.
  • Single system of record for revenue, accounts receivable and tax reporting
No photo available

Pricing Details

MYOB

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
Additional Pricing Details

Oracle Financials

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

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